China's Tianjin FAW back in the black in Q1 2003

Newswire

SHANGHAI, April 28 (Reuters) - China's Tianjian FAW Xiali Automobile Co Ltd said on Monday it slipped back into the black in the first quarter of 2003 as car output rose 94.6 percent in the period. The company posted net earnings of 55.6 million yuan ($6.72 million) versus a net loss of 31.39 million yuan in the same period last year, it said in a statement published on the Shenzhen stock exchange's Web site, www.cninfo.com.cn. The company also reported on Monday a widening 2002 net loss ...

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